New petroleum policy in few months: Omar Ayub Khan
Omar Ayub said the refinery would have output capacity of 250,000 barrels per day.
ISLAMABAD (APP):Minister for Petroleum Omar Ayub Khan Saturday said the PTI- led government would announce a new oil and gas exploration and production policy in next few months.
He said they would also initiate auction of forty new oil and gas blocks from December this year. This would generate good activity in oil and gas sector.
Omar Ayub said the ground breaking of Khalifa Point Refinery project would be performed by end of this year. This eight billion dollar project was a joint venture of PARCO and the United Arab Emirates, Radio Pakistan reported.
He said the refinery would have output capacity of 250,000 barrels per day.
